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election. and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remains a result of the still weak economy. and so when the economy went into recession in late 2008, tax col
obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building the other countries up. it's a cinch to me like our leaders reject i agree with the last caller, there should be term limits. after they are in there so long, their interest is not in helping america. it seems to me like they are positioning for money in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning. capi
or an alternative plan that would continue unemployment benefits and keep taxes at the bush era level? guest: i'm not sure that anybody knows. and that includes president obama, joe biden, senator reid, speaker boehner. there are not the many hours left until the new year. the players involved are all aware of that. that has not made enough of a difference to change the negotiations. we will know more as the house and senate members return to the hill this morning. then we will know if we're going over the fiscal cliff at midnight. host: edward-isaac dovere, thank you for being with us. guest: thank you. host: the senate action getting underway about 11:00 a.m. and we will have live coverage of what happens on each floor of the chamber as lawmakers will meet with reporters. this is from joseph ramirez. "the blame game continues" is the headline from "usa today." charles is joining us from texas. caller: good morning. thank you for taking my call. i think we are in trouble either way. president obama was known to be the most extravagant senator when he was in office and never had a job as far as
that is on the tax rate. president obama had initially wanted, earning and, above $250,000 for year. now they may be raising the threshold to 500,000. that kind of thing was more difficult for democrats, so we threw in an estate tax rate, which makes the deal more difficult. we will see. a bit of a standoff, democrats called it a setback. mitch mcconnell said that he reached out to joe biden and called joe biden and ask him to broker something. to take stock of where things are at. >> some sort of legislation in the senate could also be taken up by the house. what is the timetable for getting these things done? >> there's always a look at the time table. the house has a rule that requires legislation to be posted within three days. that said, it is difficult for americans to think of there is still time. the tax rates do not expire until tomorrow. even if you can get the machinery running, it still takes the desire to come to an agreement. >> what about coming in on the weekend and covering something like this? how difficult is this to follow? >> a long walk through the capital. this is the holid
% raised the child tax credit. there is still time to act. both president obama and senator harry reid claim that an achievable plan is one that can pass both houses of congress. republicans agree. the republican controlled house has taken a step in the right direction. the house has already passed bills to protect all americans from burdensome tax increases. in addition, the pass legislation to replace a damaging, across-the-board spending cuts with responsible, targeted ones, and to bring our nation's record debt under control. but instead of working across the aisle and considering the house passed a plan to protect taxpayers, senate democrats spent months throwing partisan lines -- dry partisan lines in the sand. the president pulls a proposal to raise taxes on the top 2.2% of americans will not pay one- third of the interest owed on this massive $16 trillion debt. the tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? inaction should not be an option. the problems facing our c
trying to kill all the bush tax cuts. even mr. obama since 2005 when he was running as a senator. i don't know what your thoughts are about that. i would like to hear about the democrats voted to push us off the fiscal cliff. host: how you pick political heroes? caller: this is a republic and want to see going back to what it was. people are getting knocked off of unemployment in states because their rates went down. we go off this cliff, anybody on extended unemployment will not get a check in january. host: this is gary who chooses ben bernanke. beverly is next from vermont. caller: hello/ ? my choice is the teachers of america. i cannot believe that people did not speak up more for the teachers. they do they hurled job practically every day. host: why are they political heroes? caller: who do you think is going to run the country in the future? this is something that people do not understand. our future is our children. nobody seems to care. my choice is the teachers in america. the teachers that were killed the other day, they are true heroes. i cannot believe some of the idiots tha
for a possible plan on taxes and spending. president obama was on "meet the press of" today saying the pressure is on congress to make a deal. he was optimistic, but he said that they cannot come to an agreement, he wants the senate majority leader to introduce legislation to make sure middle class taxes stay where they are. live coverage of the senate on c-span2 when the gavel in. the house out to woodcock with the boats as early as 6:00 looking at a number of legislation from veterans to foreign aid. you can watch the house live here on c-span. >> republican olympia snowe from maine is also retiring at the end of the 112th congress after three terms. next, her farewell address. it is about 35 minutes. >> i rise today with an infinite appreciation for the institution of the united states senate as well as a profound sense of gratitude. as i prepared to conclude my 18 years in the senate and my nearly 40 years in elected office on behalf of the people of maine. madam president, it has been difficult to envision the day when i would be saying farewell to the senate. just as it was impossible to
unbiased taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on entitlements by not giving millionaires social security benefits, thereby satisfying president obama's approach. instead of doing it through taxation, he can do it through the entitlements. guest: those are both ideas that have been raised, especially the social security and medicare benefits for the wealthy and potentially might not need them to live off of. one tricky part of that is wealthier americans have been paying these taxes for decades into social security and medicare if and a lot of folks have a problem with the idea of taking away their benefits they have paid for if just because they happen to be more well off. and issued the first caller raised and something to watch is this could really sort of set the tone for the president's second term. if this thing gets ugly and stays ugly, it's probably going to stay that way at least another year or two expand the next thing you know, he's a lame duck pre
. so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we're over
for the tax code in a continuing series on what president obama and congress should tackle in the next four years today. the "new york times" lead editorial is why the economy needs tax reform. that editorial today in the "new york times" if you want to check it out. we'll go now to linda from indiana this morning on the independent line. caller: good morning. afe couple points to make. i can't understand why a handful of bureaucrats are able to control all the american citizens. i think there ought to be term limits. and if they don't do their job, instead of electing people why don't we throw them all out and appoint somebody and when they don't do their job they're the ones who get the pink slip. i just don't understand the way this economy is going. the e.p.a. is regulating and pushing through cutting down on energy, the poor coal miners, because they want that clean energy. we've got a plant right here not just a few miles from me. they burn clean coal. if i was in there, they would probably have me assassinated in a week because i would have a line item veto every bit of pork barrel s
president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to come in and it usually comes flooding in during marc
campaigned on raising taxes on people making more than $250,000 a year. the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. mr. president, the house we hear so often is controlled by the republicans, and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support if it were reasonable, but right now they are -- we haven't heard anything. i don't know -- and it's none of my business, i guess, although i am very curious -- if the speaker and the majority leader -- th
people were wondering whether liberals were getting disenchanted with president obama. he was not winding down of course. he did not close guantanamo. he did not stand up to the republicans to end the bush era tax cuts as he had promised he would in 2008. there were a lot of reasons for liberals to feel disappointed with the lack of progress on those issues, but we never really saw that in the polling. we would ask liberals how they felt, and we would get strong support almost all the time. one time we even try to go further. we said to you have a favorable or unfavorable oppression of obama? all the democrats with a favorable. -- would say favorable. can you think of anything obama has done that you are disappointed with? he really had a level of support of the base that was very solid. that is not to say there were not disappointments, but to the extent they existed, once the republican primary process got started and really got raging, if there were any doubts among liberal democrats, why they wanted obama to win, the conversation that occurred during the republican primary broker out
tax. more american energy means more american jobs. energy projects in the united states we have held back by federal obstacle of all kinds. the keystone xl pipeline has been hanging in the balance because president obama has been unwilling to move forward on what should have been an easy decision. republicans hope to work across the aisle to solve these other challenges facing america. in the next few days leaders have important responsibilities to work together to do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january the first. the federal government and defense workers will undergo across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. we can do this in a much smarter way. economists have continually warned that going over the fiscal cliff will lead to a devastating job losses at a time when american families and small business owners are still struggling to get back on their feet. non-partisan cbo says e
. the tax burden overall would be about the same. and the deficit if with starts to wind down. the problem is president obama has also presided over a french- style growth rates of 2% per year. is not the worst of jamee have been been in the post world war era. -- this is not the worst jam. reagan had the economy growing at 6%. whereas mr. obama, to%. the downside has been the notion of accepting a much slower broken. longer-term, the pyramid of our society is getting more like a column, because we're having more and more older people -- people are living older and we can raise the retirement age. even with that we will have a larger elderly population to take care of. 2% growth becomes very difficult to maintain our commitments to the elderly. if you think it's a great idea if you are 40 right now and it actually happens, you will have a lot of tears. host: greg in north carolina, independence, for peter morici. caller: dr. morici, i guess my question is pretty simple. i just want to know, i noticed that republicans and democrats squabble about a lot of stuff, they are partisan about a lo
trillion national debt. it's expected to go up over $22 trillion before president obama leaves office. fact number two, washington's problem is not revenue. it's uncontrolled spending. fact number three, in less than 14 hours, automatic tax hikes will give washington more money to spend. fact number four, the nonpartisan congressional budget office says these automatic tax hikes threaten to put us back into another recession. fact number five, the house has done its job to avoid this crisis by passing a bipartisan bill to stop the tax hikes. fact number six, the senate, with the president's approval, has refused to take up this bill. and fact number seven, we've done our job in the house. it's time for the senate to do their job before the clock strikes midnight. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from new york rise? >> to address the house for one minute. the speaker pro tempore: without objection. mr. higgins: mr. speaker, at midnight tonight the budget control act of 2011 and sequestration will trigger spending cut
means to me the democratic party is a godless party. with the reelection of president obama, the slaughter of innocent unborn babies will continue. we have a president who supports partial birth abortion. but the americans made their decision. they want higher taxes, they want the slaughter of babies to continue and i find it's totally -- i am totally disillusioned with the american people for voting this president back into office. host: in new york. democratic caller. caller: i am in favor of religion and politics, because i believe our whole country has been found the on judicial system. the fact you are not to steal or to murder or to do, you know, thou shall not, the 10 commandments, are based upon the religious system. when you go into court, you have to put your hand on the bible to swear to tell the truth and nothing but the truth, so help you god. so absolutely. this is one of the reasons i would like to comment that our country is going to the place where it is now because we are removing those principles, we are removing the principles out of our laws. this is why
, for those folks who do not want to work, we should send them home. mr. obama was elected, so live with it. he is the president. i want to do my fair share. if i am ok with paying a bit moe taxes to make sure our country gets out of this quagmire. god bless america. host: that was larry in massachusetts. the lead editorial this morning in the financial times -- again, that's from the financial times. michael vincent, statin island, new york. good morning. caller: good morning. pastor of one world life systems. on the darkest day of 1990 in washington, d.c., i began my ministry. that is something people don't realize, especially those who attack those who work with the indigent or support for the struggling -- or the poor. when i was back in d.c., we had dan and bob and they sat in an irish bar around the corner and worked out the tax bill in 1987, i believe the year was. that's the kind of leadership the article was just talking about. instead of the people that call up and paris at the propaganda, we really have to be practical. -- that parrot the propaganda. a house divided cannot stand.
the talks with president obama and speaker boehner athat they were looking at the grand bargain that would include tax increases and changes to social security, changes to medicare, cuts in defense spending potentially as well. we're talking $3 to $4 trillion in changes over years. now it's going to be modest and that may include changes to the tax code. but they're going to have to come back in 2013 no matter what and talk about changes in med sare and social security and address the debt ceiling as well. host: these are two comments and they reflect the frustration in the country. how is the bickering back and forth solving anything fplgt all government spending should be on the table for spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get down to doing the country's business. that evaporated within days and now we are back to where we were in the summer of 2011 where everyone is back in their corner
share. then we go back to the situation -- recalling the bush tax cuts. if i am correct and i know i am, president bush was our republican. president bush was involved for eight consecutive years. he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexible as possible as we move through
it should be government spending cuts, tax increases, but one thing we are very mindful of is that some politicians have been -- >> we're going to go now to andrews air force base with air force one burning president obama back. he is in route to the white house today after celebrating christmas in hawaii with his family. he is returning early from his holiday to address to andrews air issues of the fiscal cliff. speaker boehner said that the senate must act first. senators are in session right now. there is the plane landing. this is live coverage on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> and we have been watching the president's return to join based andrews. andrew to the white house now after celebrating -- he is on his way to the white house doctor celebrating christmas in hawaii with his family. he is traveling with the latest appointed senator to replace daniel inouye. he will be sworn in today in the senate. the president has returned early from his christmas vacation to work on avoiding the fisc
had to say? caller: yes, i did, and being a democrat i go along with president obama's plant, but if it came -- plan, but to avoid the fiscal cliff, if nothing else works, we should avoid the fiscal cliff and he should be the big compromiser and not tax the rich in order to get the bill through. if he gets the bill through without pulling the fiscal cliff, our economy will improve the tax revenues from that will be more than he would get from the rich now. host: appreciate the call. let's go to oklahoma, a line for republicans. caller: i am so disgusted with both political parties. it seems they are putting their party before their country. and i want these politicians to know they are the ones that have been up there for years and spent all this money and now the average person will be the one who will have to pay, and i believe they are being bought off by the 2%. right is right, wrong is wrong, and to take away from the needy and cut food stamps from people who qualify -- it takes an act of congress to qualify. i cannot understand that these people are protecting the 2% o
Search Results 0 to 21 of about 22